Oil’s on track for its worst month in a decade on growing fears over a global supply glut that’s been exacerbated by American waivers to Iranian crude buyers. Futures in New York are set to drop about 21 per cent in November, falling for a second month. While Russia showed a willingness to join Saudi […]
Oil prices slipped further on Friday as swelling inventories depressed sentiment despite widespread expectations that OPEC and Russia would agree some form of production cut next week. Both international oil benchmarks, North Sea Brent and U.S. light crude, have had their weakest month for more than 10 years in November, losing more than 20 percent […]
Imports of Iranian crude oil by major buyers in Asia hit a five-year low in October, as China, Japan and South Korea sharply cut purchases ahead of U.S. sanctions on Tehran that took effect in early November, government and ship-tracking data showed. China, India, Japan and South Korea last month imported about 762,000 barrels per […]
The stock is quoting at Rs 139, down 1.14% on the day as on 13:19 IST on the NSE. Oil & Natural Gas Corpn Ltd tumbled 22.63% in last one year as compared to a 7.26% rally in NIFTY and a 2.42% spurt in the Nifty Energy index. Oil & Natural Gas Corpn Ltd fell […]
A Delhi court Friday held ex-coal secretary H C Gupta guilty of corruption and criminal conspiracy in a coal scam case relating to allotment of coal blocks in West Bengal. Besides Gupta, Special CBI Judge Bharat Parashar also convicted private firm Vikash Metals and Power Limited, one serving and one retired public servant ex-joint secretary […]
Asian spot prices for liquefied natural gas (LNG) continued their downward spiral this week, falling to a four-month low as demand from top buyers Japan and China failed to materialise amid ample inventory. Spot prices for January delivery in North Asia were estimated at about $9.80 per million British thermal units (mmBtu), down 20 cents […]
Renewable source of energy can provide more power in much less cost than new coal-powered power plants in India, and it costs more to run 62 per cent of the country’s coal capacity than to build new renewable power generation facilities, according to a new study. The study titled ‘Navigating the economic and financial risks […]
NEW DELHI: Shares of India’s SpiceJetNSE 0.00 % Ltd rose as much as 2.8 per cent on Thursday after the low-cost carrier said it has provided an additional bank guarantee of 200 million rupees ($2.83 million) to state-owned Airports Authority of India for unpaid dues.
MUMBAI: Industrialist Vijay Mallya left the country in “normal course” and not under suspicious circumstances as claimed by investigating agencies, his lawyer told a court here Thursday.
The six-month waiver on sanctions granted by the U.S. to India and seven other countries importing oil from Iran highlights the importance of economic factors in the India-U.S. strategic partnership. The exemption also puts the spotlight on the link between economics and strategy.
NEW DELHI: The extradition of Christian Michel, a British national and alleged middleman wanted by Indian investigative agencies in the Rs 3,600-crore AugustaWestland VVIP choppers deal case, should be left to the UAE’s judicial system, the UAE envoy to India said Thursday.
NEW DELHI: A Delhi court Friday held former-coal secretary H C Gupta guilty of corruption and criminal conspiracy in a coal scam case relating to allotment of coal blocks in West Bengal.